Why do as gas prices change from day to day?

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Thursday, July 24, 2008 9:28:28 PM

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GasBuddy News Article

Why do as gas prices change from day to day? Saturday, May 10, 2008
WSAV.com -- If you're fed up with the price of gas, line up behind everybody else. "To me what's going on is price gauging," one man at a gas station told me this week. He was filling up his tank and feeling the sting of prices that have risen more than 30 percent in the last month. One man from Wilmington Island called me, saying prices at his station jumped up ten cents on Thursday and then came back down on Friday. He wanted to know what was going on. We put the question to 12th district Congressman John Barrow. "The price you're paying for the gas that's in the ground is the price you're having to pay today in order to get the gas in the tank six months to a year from now. "
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JT Moderator	Message Posted: 5/10/2008 9:13:14 AM	Ignore JT Report Abuse
	Saturday, May 10, 2008 WSAV.com -- If you're fed up with the price of gas, line up behind everybody else. "To me what's going on is price gauging," one man at a gas station told me this week. He was filling up his tank and feeling the sting of prices that have risen more than 30 percent in the last month. One man from Wilmington Island called me, saying prices at his station jumped up ten cents on Thursday and then came back down on Friday. He wanted to know what was going on. We put the question to 12th district Congressman John Barrow. "The price you're paying for the gas that's in the ground is the price you're having to pay today in order to get the gas in the tank six months to a year from now. " Visit WSAV.com for full article

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rogerparry All-Star Author Florida Posts:754 Points:174,495 Joined:Jan 2008	Message Posted: 5/26/2008 5:57:43 PM	Ignore rogerparry Report Abuse
	I guess we need to ride horses again.
zuke519 Rookie Author Georgia Posts:45 Points:11,075 Joined:Apr 2008	Message Posted: 5/12/2008 2:40:43 PM	Ignore zuke519 Report Abuse
	I like the last statement of the article: "Barrow's comments may give some hope to local drivers but not to one I talked to. "We should kick all the bums out, they're the ones who let it get this way," he told me. "You know republicans and democrats, it doesn't matter." Most, if not all of them don't feel any effect of rising gas prices, and probably have made another billion dollars in their investment portfolio in the last couple of years...so why would they care... It's all a publicity game now...nobody can or will ever fix this malarkey...until we're not using oil for every stupid thing we can think of.
armstrmb Champion Author Houston Posts:1,550 Points:365,035 Joined:Jun 2007	Message Posted: 5/12/2008 2:16:40 PM	Ignore armstrmb Report Abuse
	Part of the price changes (the downward moves) are due our coordinated work here at gasprices.com. By rewarding low-markup retailers with high volume, we are driving the price down.
doggerWI Rookie Author Wisconsin Posts:9 Points:5,030 Joined:May 2008	Message Posted: 5/12/2008 12:20:26 PM	Ignore doggerWI Report Abuse
	WHEN I WORKED IN SERVICE STATIONS 25 YEAR AGO, AND TALKED TO COMPANY REPS ABOUT GAS SHORTAGES. THEY THOUGHT IT WAS A BIG JOKE. I WONDER IF THEY ARE LAUGHING ANY HARDER NOW.
kingdick Champion Author Minnesota Posts:17,539 Points:1,410,170 Joined:Aug 2004	Message Posted: 5/12/2008 11:55:03 AM	Ignore kingdick Report Abuse
	----------------------------------- The Fed's have done plenty but MOST of it has made it BETTER for the rich and WORSE for the working middle class. ----------------------------------- In the many years before 2006 the Republicans control of our government did not foster increasing the supply of oil. They also deregulated the markets which has allowed the Speculators freedom to RAISE the price of Crude with no regard to supply and demand. Another bad thing that happened on their watch is all the Control of fuel to very few companies, no competition. -----------------------------------
ramshot412 Champion Author Riverside Posts:11,053 Points:1,109,825 Joined:Apr 2004	Message Posted: 5/12/2008 11:49:02 AM	Ignore ramshot412 Report Abuse
	It's called GREED.
bowler48226 All-Star Author Detroit Posts:700 Points:224,895 Joined:Sep 2007	Message Posted: 5/12/2008 11:46:34 AM	Ignore bowler48226 Report Abuse
	Old news.
nyacoub1 Veteran Author Chicago Posts:379 Points:38,855 Joined:May 2007	Message Posted: 5/12/2008 11:45:03 AM	Ignore nyacoub1 Report Abuse
	that's b.s. it's price gauging.
rogerparry All-Star Author Florida Posts:754 Points:174,495 Joined:Jan 2008	Message Posted: 5/12/2008 11:44:46 AM	Ignore rogerparry Report Abuse
	Speculators are artificially inflating prices and hurting everyone else.
TBoneSoCA Veteran Author Orange County Posts:354 Points:67,955 Joined:May 2007	Message Posted: 5/12/2008 11:43:20 AM	Ignore TBoneSoCA Report Abuse
	The rich get richer...
luv2sleep Champion Author Riverside Posts:1,379 Points:103,300 Joined:Mar 2008	Message Posted: 5/12/2008 11:43:05 AM	Ignore luv2sleep Report Abuse
	The government lets them go up. It encourages speculation. This is the only thing in our economy with positive ROI other than grain prices.
AlaRedNeck All-Star Author Kansas Posts:566 Points:93,150 Joined:Apr 2008	Message Posted: 5/12/2008 11:41:34 AM	Ignore AlaRedNeck Report Abuse
	It's price gouging pure and simple. Most states were supposed to have laws against it, but I guess they don't have the guts to do a REAL investigation or go after the big oil boys.
docwilly Veteran Author Scranton Posts:291 Points:60,665 Joined:Feb 2008	Message Posted: 5/12/2008 11:40:33 AM	Ignore docwilly Report Abuse
	I say again----its Wall Street. Bonuses are enormous for traders inoil and other commodities. The higher the prices go, the higher the bonuses go
Scion08Xb Rookie Author Arkansas Posts:81 Points:55,345 Joined:May 2008	Message Posted: 5/12/2008 11:36:44 AM	Ignore Scion08Xb Report Abuse
	nothing and nobody standing in their way
socalusra All-Star Author California Posts:669 Points:1,594,835 Joined:Aug 2003	Message Posted: 5/12/2008 11:34:49 AM	Ignore socalusra Report Abuse
	because they can
93probeguy All-Star Author Little Rock Posts:777 Points:200,755 Joined:Jan 2006	Message Posted: 5/12/2008 11:27:13 AM	Ignore 93probeguy Report Abuse
	all they can do is try to show OPEc ideas and other top reps to try to get these prices down. We all know, they can do more than what they are though.
srtdc Sophomore Author Lincoln Posts:128 Points:20,645 Joined:Apr 2008	Message Posted: 5/12/2008 11:24:47 AM	Ignore srtdc Report Abuse
	people have the false idea that politicians have more control over the price of gas than they actually do
Zinnoil Champion Author Illinois Posts:11,600 Points:1,398,045 Joined:May 2004	Message Posted: 5/12/2008 11:24:24 AM	Ignore Zinnoil Report Abuse
	Just more evidence that Congress is doing nothing about our oil and energy supply.
FuelGrinch Sophomore Author Kansas Posts:156 Points:47,500 Joined:Aug 2005	Message Posted: 5/12/2008 11:24:04 AM	Ignore FuelGrinch Report Abuse
	Black magic I say... nothing but smoke and mirrors. It is the SPECULATORS that move the price around based on what they buy and sell that day.
weenerdog All-Star Author Detroit Posts:982 Points:185,185 Joined:Jan 2008	Message Posted: 5/12/2008 11:23:52 AM	Ignore weenerdog Report Abuse
	Yes, when is someone going to do something about this...
joelimite Sophomore Author Virginia Posts:201 Points:54,360 Joined:Jan 2008	Message Posted: 5/12/2008 11:19:51 AM	Ignore joelimite Report Abuse
	I'm with you iluna!!!
iluna Veteran Author Colorado Springs Posts:256 Points:54,420 Joined:Jun 2007	Message Posted: 5/12/2008 11:18:53 AM	Ignore iluna Report Abuse
	I don't care how someone "explains" it. I just want to know when someone that CAN do something about this actually DOES do something about this.
CyanSquirrel Veteran Author Virginia Posts:493 Points:105,530 Joined:Jun 2004	Message Posted: 5/12/2008 11:15:33 AM	Ignore CyanSquirrel Report Abuse
	Old news :-( Where's some fresh?
bbthegun All-Star Author San Diego Posts:616 Points:360,540 Joined:Sep 2006	Message Posted: 5/12/2008 11:13:40 AM	Ignore bbthegun Report Abuse
	Does this dude pay ANY attention to the news and markets?! The price of oil is why gas is so high. You'll be chasing dust in the wind if you think you're going to find evidence of gouging. Don't waste your time!
maggiemaen Sophomore Author Wisconsin Posts:170 Points:50,715 Joined:Apr 2008	Message Posted: 5/12/2008 11:11:51 AM	Ignore maggiemaen Report Abuse
	I agree that it is price gauging and you'd think something could be done about it. All the politicians are too busy worrying about the election and not the people.
TEXJOHN Veteran Author Dallas Posts:440 Points:36,280 Joined:Mar 2008	Message Posted: 5/12/2008 11:07:50 AM	Ignore TEXJOHN Report Abuse
	Too much money!
bug27 Champion Author Kentucky Posts:1,373 Points:1,056,675 Joined:Apr 2005	Message Posted: 5/12/2008 11:03:55 AM	Ignore bug27 Report Abuse
	They stations don't lower the price of gas they already have in the ground when they expect to pay less to refill their tanks. But they do raise the price of gas purchased at a cheaper price if they expect to pay more for their next tank. It's a win-win situation for THEM.
EarlyMoose Champion Author Seattle Posts:1,359 Points:594,340 Joined:Dec 2005	Message Posted: 5/12/2008 11:01:52 AM	Ignore EarlyMoose Report Abuse
	I think "price gauging" is setting your price to what others around you are charging.
Mickie08 Sophomore Author Jackson Posts:145 Points:43,655 Joined:Mar 2008	Message Posted: 5/12/2008 11:00:52 AM	Ignore Mickie08 Report Abuse
	Too bad we can't demand a pay increase today in order to be able to pay for the gas six months to a year from now.
NissanGirl Sophomore Author Oregon Posts:163 Points:96,210 Joined:Jan 2008	Message Posted: 5/12/2008 10:53:41 AM	Ignore NissanGirl Report Abuse
	I wish the speculators would give us a break.
CTDPower Veteran Author Virginia Beach Posts:488 Points:177,575 Joined:May 2007	Message Posted: 5/12/2008 10:51:05 AM	Ignore CTDPower Report Abuse
	I know what price gouging is...but what the hell is "price gauging"?
krmack All-Star Author Illinois Posts:601 Points:93,485 Joined:Apr 2008	Message Posted: 5/12/2008 10:49:21 AM	Ignore krmack Report Abuse
	This goes both ways. I update prices everyday so others may find the least expensive station. It's not so much me saving $0.02 a gallon from a station a couple of blocks away as much as power in numbers that if 100% of gas is purchased from the less expensive station the more expensive will lower their price just to stay in business. Tell more people about this site! The Mobile Device site (gasbuddytogo.com) is great way to update prices on the go!
rustyOR Veteran Author Oregon Posts:382 Points:86,760 Joined:Apr 2008	Message Posted: 5/12/2008 10:44:45 AM	Ignore rustyOR Report Abuse
	One day we will no the truth.
esquared All-Star Author Oklahoma City Posts:993 Points:547,675 Joined:Jan 2006	Message Posted: 5/12/2008 10:42:33 AM	Ignore esquared Report Abuse
	No, Congressman Barrow, the prices we're paying now are the direct result of SPECULATORS trying to determine how much the market (read: consumers) can bear before they change their driving habits. So far, no end in sight.
LukeIN All-Star Author Indianapolis Posts:869 Points:165,735 Joined:Nov 2007	Message Posted: 5/12/2008 10:41:28 AM	Ignore LukeIN Report Abuse
	Its the speculators that drive the price up! and then they take teir profits! and we lose...and will continuse to do so as long as Bush and Chenny are in office!
stevewwvu Champion Author West Virginia Posts:1,212 Points:209,885 Joined:Mar 2007	Message Posted: 5/12/2008 10:41:06 AM	Ignore stevewwvu Report Abuse
	lies lies lies
smiles99 Sophomore Author Utah Posts:226 Points:39,625 Joined:Mar 2008	Message Posted: 5/12/2008 10:34:20 AM	Ignore smiles99 Report Abuse
	alrighty
Japsmith All-Star Author Tacoma Posts:838 Points:158,815 Joined:Sep 2007	Message Posted: 5/12/2008 10:33:43 AM	Ignore Japsmith Report Abuse
	Sounds like more politics to me.
kingdick Champion Author Minnesota Posts:17,539 Points:1,410,170 Joined:Aug 2004	Message Posted: 5/12/2008 10:33:15 AM	Ignore kingdick Report Abuse
	----------------------------------- The Crude Oil Speculators are the Bad Guys driving up the Price of Crude Oil. Control the Dollars decline, Strength the dollar to pre bush and the crude oil market will FALL. Bush and Cheney are among the 'badest' trouble makers. ----------------------------------- Our government is not for US it is for the paid lobbyists We need to get RID of the paid lobbyists. So the people WE elect listen to us and not be controlled be the greedy corporations. ----------------------------------- STOP POLITICIANS and STAFF from becoming Lobbyists or working for the companies that they controlled when in Government. Maybe make it a crime to be a paid lobbyist. -----------------------------------
Magnum0829 All-Star Author Jackson Posts:936 Points:357,790 Joined:Oct 2005	Message Posted: 5/12/2008 10:32:23 AM	Ignore Magnum0829 Report Abuse
	Greed.
EnderNY Champion Author Dallas Posts:1,507 Points:291,955 Joined:Jun 2005	Message Posted: 5/12/2008 10:25:21 AM	Ignore EnderNY Report Abuse
	way to keep ahead of the curve in the news. this is really old news.
redeemer_fe Rookie Author Las Vegas Posts:58 Points:12,630 Joined:Apr 2008	Message Posted: 5/12/2008 10:23:20 AM	Ignore redeemer_fe Report Abuse
	No he is too busy causing typhoon's in Bruma. Maybe it was Cheney that caused the tornadoes. Got to love liberal's they blame everyone and anyone for their problems. Maybe if they stopped and looked in the mirror their problems would be solved!
canescommuter Veteran Author Greensboro Posts:453 Points:92,660 Joined:Feb 2008	Message Posted: 5/12/2008 10:23:03 AM	Ignore canescommuter Report Abuse
	What a stupid waste of time. Maybe reporters need to cover real news or maybe stations need to lay off some of these idiots.
ts08 Sophomore Author New Jersey Posts:179 Points:45,290 Joined:Apr 2008	Message Posted: 5/12/2008 10:21:38 AM	Ignore ts08 Report Abuse
	Bush too busy with his daughter's wedding to be worrying about work...first things first...haha. Oil should have never gone to the stock market, big mistake.
mlinder Rookie Author Dayton Posts:15 Points:1,150 Joined:May 2008	Message Posted: 5/12/2008 10:20:25 AM	Ignore mlinder Report Abuse
	I seem to remember when gas was the same ALL month long! Sure gas was .92 / gallon but I fail to see what wasnt back then that is now, other than the greed!
w4kh Champion Author Riverside Posts:3,250 Points:562,240 Joined:May 2004	Message Posted: 5/12/2008 10:19:49 AM	Ignore w4kh Report Abuse
	the White House Idiot is NOT respobnsible for the Oklahoma Tornadoes yesterday... he and DickieBoy ARE responsible for the economy, the weak dollar, and the high price of oil
TRUCKERAY Champion Author Portland Posts:3,848 Points:672,770 Joined:Sep 2005	Message Posted: 5/12/2008 10:16:56 AM	Ignore TRUCKERAY Report Abuse
	Reading through these blogs I am real surprised not to see one in here blaming President Bush for the tornadoes that hit Oklahoma yesterday!
lleddirj All-Star Author Michigan Posts:615 Points:521,050 Joined:May 2005	Message Posted: 5/12/2008 10:16:06 AM	Ignore lleddirj Report Abuse
	What is "price gauging"? I know what "gouging" is.
kanmandoo All-Star Author Detroit Posts:743 Points:797,690 Joined:Jun 2005	Message Posted: 5/12/2008 10:15:56 AM	Ignore kanmandoo Report Abuse
	Because they can.
zonernovi All-Star Author Michigan Posts:877 Points:170,815 Joined:May 2005	Message Posted: 5/12/2008 10:15:35 AM	Ignore zonernovi Report Abuse
	all politicians need to create energy policies and not be afraid to force conservation. money outflows from the USA will eventually make us slaves to OPEC. just like the ethanol fiasco is draining money due to high food prices we are going to get whacked by our massive use of oil through foreigners holding all our cash and buying all of our companies and land eventually.